The tragedy of UK fiscal policy in the aftermath of the financial crisis
简要概述了英国财政当局对金融危机和经济衰退的应对，重点批评了2010年联合政府推行的财政紧缩计划，认为其基于对结构性预算平衡和潜在产出下降的错误判断，并简要讨论了替代方案。
The evolving response of the UK fiscal authorities to the financial crisis and recession are briefly outlined with a focus on the fiscal austerity programme introduced by the incoming Coalition government during 2010. The reasoning for that programme is critically examined and largely dismissed. It is argued that the drive for major cuts in public expenditure comes from seeking to achieve a balanced structural budget and reductions in estimated potential output. The significance of the latter are discussed. The paper is completed by a brief consideration of alternatives. Copyright The Author 2012. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.